Traders cast aside their doubts on blue-chip buzz

LOCAL equities found themselves on surer footing on Friday, with the benchmark Straits Times Index (STI) drawing strength from positive signs at the listed heavyweights.

The STI advanced by 29.05 points, or 0.82 per cent, to 3,550.36, bringing the week's gain to 0.85 per cent.

PhillipCapital's research team said in a technical morning note that the index "might be facing some immediate hurdle at the 3,550 resistance area".